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Invesco Taxable Municipal Bond ETF
BAB

181 hedge funds and large institutions have $606M invested in Invesco Taxable Municipal Bond ETF in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 55 increasing their positions, 78 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

151% more call options, than puts

Call options by funds: $614K | Put options by funds: $245K

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

1.32% less ownership

Funds ownership: 63.63% → 62.31% (-1.3%)

8% less funds holding

Funds holding: 196 → 181 (-15)

29% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 78

43% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 23

48% less capital invested

Capital invested by funds: $1.16B → $606M (-$553M)

Holders
181
Holders Change
-15
Holders Change %
-7.65%
% of All Funds
2.43%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
13
Increased
55
Reduced
78
Closed
23
Calls
$614K
Puts
$245K
Net Calls
+$369K
Net Calls Change
-$327K

Top Buyers

Rank Fund Capital Flow
1
OBWG
Onyx Bridge Wealth Group
New York
+$8.45M
2
TIM
Tortoise Investment Management
New York
+$3.57M
3
LCG
Lakeshore Capital Group
Illinois
+$3.28M
4
HighTower Advisors
HighTower Advisors
Illinois
+$2.83M
5
Ameriprise
Ameriprise
Minnesota
+$1.7M

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$34.7M
2
BSB
Bangor Savings Bank
Maine
-$12.6M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$8.47M
4
Jane Street
Jane Street
New York
-$6.73M
5
Morgan Stanley
Morgan Stanley
New York
-$4.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
TF
176
Tompkins Financial
New York
$5.9K +$5.85K +221 New
Q1WB
177
Quest 10 Wealth Builders
Virginia
$5.6K – – –
NEAM
178
New England Asset Management
Connecticut
$5.34K – – –
Fidelity Investments
179
Fidelity Investments
Massachusetts
$2.03K +$2.01K +76 New
WWMSC
180
Wagner Wealth Management (South Carolina)
South Carolina
$1.8K -$72.7K -2,749 -98%
CIA
181
Cape Investment Advisory
Georgia
$1.07K – – –
FFA
182
Farther Finance Advisors
California
$402 -$67.3K -2,542 -99%
TRCT
183
Tower Research Capital (TRC)
New York
$320 +$238 +9 +300%
TI
184
Tidal Investments
Wisconsin
– -$959K -36,681 Closed
HPM
185
Hoxton Planning & Management
West Virginia
– -$549K -20,979 Closed
CC
186
Commons Capital
Massachusetts
– -$359K -13,734 Closed
Envestnet Portfolio Solutions
187
Envestnet Portfolio Solutions
Illinois
– -$354K -13,534 Closed
GM
188
GeoWealth Management
Illinois
– -$342K -13,088 Closed
KA
189
Kovack Advisors
Florida
– -$312K -11,926 Closed
WC
190
Waterloo Capital
Texas
– -$287K -10,962 Closed
GVAG
191
Great Valley Advisor Group
Delaware
– -$277K -10,588 Closed
Renaissance Technologies
192
Renaissance Technologies
New York
– -$262K -10,000 Closed
AWM
193
Apollon Wealth Management
South Carolina
– -$238K -9,097 Closed
SP
194
Sequent Planning
Nebraska
– -$215K -8,225 Closed
GS
195
GWN Securities
Florida
– -$213K -8,127 Closed
VWWMG
196
Vermillion & White Wealth Management Group
Pennsylvania
– -$162K -6,177 Closed
US Bancorp
197
US Bancorp
Minnesota
– -$39.2K -1,500 Closed
AF
198
Allworth Financial
California
– -$23.4K -896 Closed
CFGS
199
Concourse Financial Group Securities
Alabama
– -$22.5K -858 Closed
SC
200
SouthState Corp
Florida
– -$17.2K -659 Closed
5 6 7
8
9

BAB Hedge Fund Activity: Q1 2025 in Review

181 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2025, worth a combined $606M — down 48% from $1.16B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of BAB and 13 opened new positions — a net loss of 10 holders — while 78 trimmed existing stakes and 55 added.

The largest buyer was Onyx Bridge Wealth Group, adding an estimated $8.45M. The largest seller was Bank of New York Mellon, cutting an estimated $34.7M.

  • 181 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2025, down from 196 in Q4 2024.
  • Funds reported $606M of Invesco Taxable Municipal Bond ETF stock for Q1 2025, down 48% quarter-over-quarter.
  • 13 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2025 and 23 closed out, a net change of -10 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2025 was Onyx Bridge Wealth Group, an estimated $8.45M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q1 2025 was Bank of New York Mellon, an estimated $34.7M sold.

Based on aggregated 13F filings for Q1 2025.